Is home sharing driving up rents? Evidence from Airbnb in Boston

Horn, Keren Mertens; Merante, Mark

doi:10.1016/j.jhe.2017.08.002

Cited by 331 publications

(272 citation statements)

References 26 publications

(26 reference statements)

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“…These perspectives usually obviate their socioeconomic consequences at an urban and territorial level. We can find segmented studies from topics analysed here, like the impact in rental market [38,39], or the mapping distribution of tourist accommodation [32]. Nevertheless, the spatial patterns and the impacts in the city are quite unknown.…”

Section: Resultsmentioning

confidence: 99%

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Urban Transformations as an Indicator of Unsustainability in the P2P Mass Tourism Phenomenon: The Airbnb Case in Spain through Three Case Studies

García-Ayllón

2018

Sustainability

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Globalization and the development of the so-called "collaborative economies" has coincided with an important transformation of mass tourism in the last decades. This phenomenon has been accentuated enormously in many European cities in recent years, generating a new P2P tourist model. The situation is having a strong social impact on the urban transformation of cities, and its characteristics are closely related to real estate speculative movements. In this sense, the analysis of urban transformation can offer interesting conclusions about the sustainability of these new tourist models in large touristic cities. In this article, we will analyse the effect associated with of so-called phenomena of "tourist flats" from the Airbnb portal in the cities of Madrid, Barcelona, and Palma de Mallorca. Through the use of GIS indicators and geostatistic analysis of spatial correlation, the current incidence of this phenomenon in these cities, and possible future scenarios of maintaining the current trend, will be evaluated and discussed. The results obtained show worrying indicators in relation to the economic and social sustainability of the current urban-tourist model created in the city which are linked to gentrification processes.

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Section: Resultsmentioning

confidence: 99%

“…This market has been influenced by the phenomenon of P2P tourism in some cities, as previously observed in [38,39]. This indicator seeks to analyse, in a comparative way, the spatial behaviour between different cities.…”

Section: Price Index Of the Rental Market I Prmmentioning

confidence: 95%

Urban Transformations as an Indicator of Unsustainability in the P2P Mass Tourism Phenomenon: The Airbnb Case in Spain through Three Case Studies

García-Ayllón

2018

Sustainability

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“…Recent research suggests that these new short-term rental revenue flows have had wide-ranging impacts. Increasingly scholars have argued that the comparatively higher potential revenue of short-term rentals has led to displacement or exacerbated housing affordability issues for local residents (Barron, Kung, & Proserpio, 2017;Gant, 2016;Horn & Merante, 2017;Lee, 2016;Mermet, 2017;Wachsmuth & Weisler, 2018;Wachsmuth, Chaney, Kerrigan, Shillolo, & Basalaev-Binder, 2018;Wachsmuth, Kerrigan, Chaney, & Shillolo, 2017). Additionally, research has shown that short-term rentals have negatively impacted the hotel industry (Guttentag, 2015;Guttentag & Smith, 2017;Oskam & Boswijk, 2016;Zervas, Proserpio, & Byers, 2017).…”

Section: Introductionmentioning

confidence: 99%

Location, location and professionalization: a multilevel hedonic analysis of Airbnb listing prices and revenue

Deboosere

Kerrigan

Wachsmuth

et al. 2019

Regional Studies, Regional Science

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Hedonic modelling techniques have frequently been used to examine real estate valuation, and they have recently started to be applied to short-term rental valuation. Relying on a web-scraped data set of all Airbnb transactions in New York City (NYC) between August 2014 and September 2016, this paper presents the first hedonic regression model of Airbnb to take into account neighbourhood effects and to predict both average price per night and revenue generated by each listing. The model demonstrates that locational factorsabove all, transit accessibility to jobsand neighbourhood variation have a large impact on both price per night and monthly revenue, and further reveals how professionalization of the short-term rental market is driving more revenue to a narrower segment of hosts. Further, the findings suggest that Airbnb hosts earn a significant premium by converting long-term housing in accessible residential neighbourhoods into de facto Airbnb hotels. This premium incentivizes landlords and hosts with properties in accessible neighbourhoods to replace long-term tenants with short-term guests, forcing those in search of housing to less accessible neighbourhoods. ARTICLE HISTORY

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“…The literature focus on the phenomenon of the centralization of housing supply in the hands of a few large operators, with a great impact on housing market and the economic benefits of tourism concerning the city and its inhabitants only in a very marginal way (Blanco-Romero et al 2018;Capineri et al 2018;Yrigoy 2018); moreover, the centralization of the hospitality business also has a very strong spatial dimension, in areas where the presence of traditional accommodation and B&Bs is already very important (Garcia-Ayllon 2018). These and other phenomena could lead to a worsening of the gentrification processes in a city's center and more and more inequity in the injustice of urban development (Còcola Gant 2016;Horn and Merante 2017).…”

Section: The Second Stage the Retreat Of The Publicmentioning

confidence: 99%

Neoliberal Rome—The Role of Tourism

Gemmiti

2019

Social Sciences

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The primary objective of this paper is to analyze the main characteristics of recent tourism policies in Rome by describing the local modalities through which the neoliberal approach to urban strategies has been implemented. The first section highlights some general features of the city of Rome and its tourism, which are particularly useful for understanding the specificities of neoliberal tourism policies. The paper then proceeds to describe the most clearly defined neoliberal period of the city from 1993 to 2008, when the new Master Plan was drawn up to establish new policies and projects for tourism. The period that followed 2008 was marked by the gradual withdrawal of public action, which on the other hand has left ample freedom to the forces of tourism and globalization.This paper aims at reinforcing the evidence of the role that tourism has played in the development of urban neoliberal policies.The aim is to discuss the characteristics of neoliberal policies in Rome as an outcome of the city's institutional and spatial peculiarities. The paper also aims to explore how the specificity of tourism sector, as one of the most relevant dimensions of urban neoliberal policies, influenced and changed the urban development path.The paper is organized into three parts. First, a description of the local context is given, focussing in particular on the peculiarities of Rome in order to better understand the unfolding of neoliberal forces in the city. The second part will describe the most relevant phase of local neoliberal policies, corresponding to the process of elaboration of the new Master Plan (MP), within which many urban projects related to tourism were considered as the keys to the revitalization of the city through major events, new architectural structures, as well as a creative and cultural offer. The third part analyses the period that followed the approval of the Master Plan, from 2008 up to today, focussing on the progressive retreat of local institutions and on the effects of the neoliberal stage becoming more and more evident.

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Is home sharing driving up rents? Evidence from Airbnb in Boston

Cited by 331 publications

References 26 publications

Urban Transformations as an Indicator of Unsustainability in the P2P Mass Tourism Phenomenon: The Airbnb Case in Spain through Three Case Studies

Urban Transformations as an Indicator of Unsustainability in the P2P Mass Tourism Phenomenon: The Airbnb Case in Spain through Three Case Studies

Location, location and professionalization: a multilevel hedonic analysis of Airbnb listing prices and revenue

Neoliberal Rome—The Role of Tourism

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